During our recent analysis on hydrogen storage we found an interesting collaborating opportunity that we believe might be of interest to you since you are aiming to diversify towards the energy transition domain.

The ground-breaking innovation we want to discuss today is developed by EnerVenue which has made Hydrogen storage possible at a pressure as low as 100 psi, thus, making the technology 80 – 90% more efficient!

EnerVenue has ingeniously developed Nickel-Hydrogen batteries by swapping the previously used expensive Platinum catalyst with bifunctional Nickel-Molybdenum Cobalt alloy to bring down the cost from $20,000 per kilowatt hour to just $100 per kilowatt hour. The battery has a 30-year, 30,000-cycle lifespan, with the manufacturers offering a 20-year, 20,000-cycle warranty guaranteeing at least 88% capacity retention.

The company claims its technology can operate at temperatures ranging from -40°C to 60°C while offering energy storage capacity greater than 2GWh, making it suitable for large-scale applications.

Unlike the currently used pumped-hydroelectric storage system, which needs specific sites and has a significant environmental footprint, this technology has eliminated the risk of having any thermal runaways as the hydrogen discharged gets reabsorbed into water.

There are many similar collaborations and growth opportunities out there. If in case you are interested in knowing about more such innovations, perhaps we could connect to help build your portfolio and give you a strong foothold in the renewable energy domain.